Rebank

Financial innovation, technology advances and social changes are sending shockwaves through the financial services industry.
In an age of increasingly rapid change, important questions, debates and developments are unfolding before our eyes. These ideas, and the choices we make in response to them, will shape our future.
Technology is vastly powerful, creating new industries in response to – or sometimes in anticipation of – changing customer expectations.
Rebank explores the trends, developments and challenges that define our age and shape the future role of money, banking and financial services.

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Financial inclusion is a global issue. In fact, it's probably more global than most of us think. Even in developed markets like the UK, US and Western Europe, there are huge numbers of unbanked people.

Pockit, a UK-based neobank, is addressing that problem in the UK. Launched in 2014 and currently serving 123,000 customers, Pockit is making a profound impact on the lives of a huge number of financially underserved individuals.

Virraj Jatania, Founder and CEO of Pockit, joins us in Episode 21 to talk through the problem they're solving and the strategies they're employing to do so.

We get into the economics of "neobanks," non-bank fintechs that leverage third-party authorizations to offer bank-like products.